Heidi raises $98m and becomes fastest growing company in Blackbird portfolio since Canva
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The news: Melbourne startup Heidi has secured USD65 million ($98 million) in funding, making it the fastest-growing company in Blackbird Ventures' portfolio, surpassing even Canva's early growth rate.
The numbers: The latest funding round values Heidi at USD465 million ($711 million), up from USD100 million in May. The company currently handles over 2 million consultations weekly across 116 countries in 110 languages, and has supported 73 million patient consults in the past 18 months. Heidi has grown from generating USD15 million in annual recurring revenue in May to employing 200 people, nearly quadrupling in size over 12 months.
The context: The company, which uses AI to transcribe medical consultations and automate clinical documentation, has also rebranded from Heidi Health to reflect its expansion into veterinary services.
The funding round was led by Point72 Private Investments, with participation from existing investors Blackbird, Headline and LocalGlobe. Heidi has secured partnerships with major healthcare providers globally, including NHS Trusts in the UK, Beth Israel Lahey Health in the US, and Australian public health systems.
The company has also recruited former Microsoft chief medical officer Simon Kos and ex-Salesforce vice president Paul Williamson to drive international expansion.
What they said: "It is untenable that healthcare demand continues to rise while clinical time continues to shrink," said Thomas Kelly, co-founder and chief executive of Heidi. "Building a sustainable healthcare system requires expanding clinical capacity without compromising clinician wellbeing or patient safety."
The sources: The Australian , AFR
